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Prestige in Parkowe Wzgórze

Last month the construction of the Parkowe Wzgórze residential development has begun in Mogilany, near Kraków. The first stage of the luxury development will include 54 family houses with complete infrastructure as well as landscaping. The housing complex is being developed over a 15-hectare plot and will eventually offer 150 single-family houses. The houses range from 140 to 310 sqm and were designed by the Warsaw-based architectural firm, JEMS Architekci.

The development is planned in three stages, with the first scheduled for completion in the summer of 2005-when the next stage of construction will also begin. When finished, Parkowe Wzgórze will also offer a complete services-related infrastructure, including a restaurant, grocery store, entertainment center, day-care, and additional guest rooms.

The company in charge of the project, Parkowe Wzgórze, was created together by Terra Casa SA, a regional developer and ING Real Estate, known for their Holland Park residential development in Warsaw. Parkowe Wzgórze is one of the largest new residential developments in the Małopolska region. The value of the investment is estimated at zł. 100 million and will be financed from the company's resources.

The prices at Parkowe Wzgórze will range from approximately zł. 550,000 for the 140 sqm house on a 400 sqm plot of land, to zł. 1,200,000 for a 310 sqm house on a 1350 sqm plot. (M.L.)

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